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Customers offering $75M in common stock
Customers Bankcorp Inc., the parent company for Customers Bank, announced an underwritten public offering of $75 million of its voting common stock. more
TD Bank has new leadership in R.I., but direction remains same
TD Bank has chosen a banking industry veteran to take over its Rhode Island and Boston metro south market. Kevin F. Malone has been named TD Bank market president for Boston, southern Massachusetts and Rhode Island. more
Summer Infant sees 1Q profit drop, looking for 2013 recovery
Juvenile health, safety and wellness product maker Summer Infant Inc. posted decreases in first-quarter net revenue, net income and gross margins as it worked to phase out products and licensing agreements, and endured an increase in interest expense, according to quarterly results released Wednesday. more
GWB awards R.I. firms $60K in skills-training grants
The Governor’s Workforce Board announced Monday that it has awarded more than $60,000 in “Express Grants” to 20 local firms. The strategic investments will partially fund skills training for 344 employees. more
More workers got insurance in Massachusetts after health law
The share of workers opting to take company medical coverage rather than more take-home pay rose in Massachusetts after the state overhauled its health system in 2006, a result the U.S. Affordable Care Act may replicate, a report suggests. more
Gas up 6 cents across R.I., Mass.
Rhode Island and Massachusetts drivers saw gasoline prices jump 6 cents this week after a nine-week decline, AAA Southern New England reported Monday. more
Rally matches 1990s Web-fed gains with valuations 28% lower
Returns from the U.S. equity bull market that started four years ago are matching those from the last half of the 1990s even as valuations are 28 percent lower. The Standard & Poor’s 500 Index has gained 26.2 percent annually, including dividends, since March 2009, the same as during the last 50 months of the technology bubble. more
KVH seals $24M acquisition of Headland Media
(Updated, 11:48 a.m.) KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, has acquired Headland Media Ltd., a multinational commercial provider of news, entertainment and training content, KVH announced Monday. more
Bristol Co., Mass., foreclosure starts drop significantly in March
Bristol County, Mass., foreclosure starts plunged 78 percent in March compared with the same period last year, The Warren Group said Monday. more
| 5/13/13
U.S. stocks decline after record highs amid retail sales data
U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April. more
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